Issue - meetings
Distribution of Surplus
Meeting: 25/09/2017 - West Mercia Energy Joint Committee (Item 25)
25 Distribution of Surplus 
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Report of the Treasurer.
Contact: James Walton (01743 258915)
Decision:
1. That the retention of accumulated surplus of £ 0.600 million be approved.
2. That the distribution of accumulated surplus of £1.139 million, in accordance with the provisions of the Joint Agreement, be approved.
Minutes:
The Treasurer presented the report which recommended the level of distribution of surplus held at 31 March 2017 to the Member Authorities.
The Director reported that future levels would fall slightly, however this was in line with expectations.
RESOLVED:
1. That the retention of accumulated surplus of £ 0.600 million be approved.
2. That the distribution of accumulated surplus of £1.139 million, in accordance with the provisions of the Joint Agreement, be approved.